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Sold

711-717 Mountain Highway, Bayswater

$2,720,000
High Profile Retail/Residential Development

A high profile Commercial 1 zone development site with excellent exposure to Mountain Highway, situated on a corner allotment adjoining a council car park at the rear

This perfectly positioned property comprises 4 allotments and is currently leased to to four individual tenancies providing a great holding income.

Property Features include:

- Retail/Apartment Development
- DDO6 - 5 Storey Built Form
- Land Area: 1252 sqm
- Triple Access to the Site
- Potential for 900sqm Ground Retail and over 45 Apartments (STCA)
- Flexible Commercial 1 Zoning
- Current Rental $73,000 p.a. with a projected Income: $140,000 p.a. approximately as at Sep-16
- Massive Holding Income
- Substantial frontage of 67.0 metres to Mountain Hwy and Valentine St
- Metres from Bayswater Train Station and Mountain High Shopping Centre

For further information please contact the Commercial Team

Available documents